Ordinary Daily Adjustment definition

Ordinary Daily Adjustment means the Factor Adjustment by the Calculation Agent on every Factor Adjustment Date at the time of the determination of the Factor Adjustment Reference Price by the Calculation Agent. The Multiplier, Factor Level and Protection Level are constant in the period between each consecutive Ordinary Daily Adjustment, except in case of an Extraordinary Intraday Adjustment.
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Ordinary Daily Adjustment means the adjustment of Strike and Barrier on a Business Day. The Financing Costs of the Certificates are added to Strike and Barrier on a daily basis, whereby the Financing Costs for days which are no Business Days are added on the next following Business Day.]
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Ordinary Daily Adjustment means the Factor Adjustment by the Calculation Agent on every Factor Adjustment Date at the time of the determination of the Factor Adjustment Reference Price by the Calculation Agent. The Multiplier, Factor Level and Protection Level are constant in the periodbetween each consecutive Ordinary Daily Adjustment, except in case of an Extraordinary Intraday Adjustment.“Protection Level” means a level that [exceeds the Factor Adjustment Reference Price] [falls below the Factor Adjustment Reference Price] by the percentage of [●].[“Roll-Over Adjustment” means the adjustment of the value of the Factor Certificate during the Ordinary Daily Adjustment caused by a Roll-Over Event of the Underlying. During the Ordinary Daily Adjustment on the Effective Date of the Roll-Over the value is calculated based on the Roll- Over Future, i.e. = ⋅ ⋅ ( − ), where means the [●] of the Roll-Over Future on the precedingFactor Adjustment Date and “Roll-Over Future” means theFuture, which was applicable as the Underlying immediately before the Roll-Over Event.]][Product Specific Termination. The Issuer will redeem the Securities at any time until the Maturity Date (including) following the first occurrence of any of the Product Specific Termination Events (as defined above). The Issuer will redeem the Securities in whole (but not in part) on the Product Specific Termination Date (as specified above) and will pay or cause to be paid the Product Specific Termination Amount (as specified above) in respect of such Securities to the relevant Securityholders for value of such Product Specific Termination Date, subject to any applicable fiscal or other laws or regulations and subject to and in accordance with these Terms and Conditions. Payments of any applicable taxes and redemption expenses will be made by the relevant Securityholder and the Issuer shall not have any liability in respect thereof. The Securityholders will neither receive any further payments (including interest, if any) or deliveries under the Securities, nor receive any compensation for such earlyredemption.]End of Redemption Provisions][Reduced payments in case of a Credit Event. The Securityholder’s claim to receive [the (entire) Redemption Amount] [and] [interest] is conditional upon the non- occurrence of a Credit Event (as defined below). If a Credit Event occurs, [no further interest will be paid] [and] [the Redemption Amount will be reduced accordingly]. For the purposes of this additional provision: [“Credit Amo...
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Examples of Ordinary Daily Adjustment in a sentence

  • During the Ordinary Daily Adjustment on the Effective Date of the Roll-Over the value is calculated based on the Roll- Over Future, i.e. = ⋅ ⋅ ( − ), where means the [●] of the Roll-Over Future on the precedingFactor Adjustment Date and “Roll-Over Future” means theFuture, which was applicable as the Underlying immediately before the Roll-Over Event.]][Issuer’s Call.

  • During the Ordinary Daily Adjustment on the Effective Date of the Roll-Over the value is calculated based on the Roll-Over Future, i.e. ( ), where means the [●] of the Roll-Over Future on the preceding Factor Adjustment Date and “Roll-Over Future” means the Future, which was applicable as the Underlying immediately before the Roll-Over Event.]][Issuer’s Call.


More Definitions of Ordinary Daily Adjustment

Ordinary Daily Adjustment means the adjustment of Strike and Barrier on every Turbo Adjustment Date after the Issue Date. The Strike is [increased][reduced] by the Financing Costs and the Barrier is subsequently determined as the Strike multiplied by the Barrier-Strike Ratio, whereby “Barrier-Strike Ratio” means the Barrier divided by the Strike, both as specified in the Final Terms.[“Roll-Over Adjustment” means the adjustment of Strike, Barrier and Multiplier immediately after an Ordinary Daily Adjustment caused by a Roll-Over Event of the Underlying. Strike and Barrier are both multiplied by the Roll-Over Ratio, and the Multiplier is divided by the Roll-Over Ratio.]][In case of Factor Certificates (eusipa 2300), insert:The “Redemption Amount” shall be [the difference between (i) the Final Reference Price and (ii) the Factor Level] [the difference between (i) the Factor Level and (ii) the Final Reference Price]. The resulting amount shall be [insert the relevant adjustment rules as specified above].
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Ordinary Daily Adjustment means the Factor Adjustment by the Issuer on every Factor Adjustment Date. The Multiplier, Factor Level and Protection Level are constant during any Factor Adjustment Date except in case of an Extraordinary Intraday Adjustment."Protection Level" means a level that [exceeds the Factor Adjustment Reference Price] [falls below the Factor Adjustment Reference Price] by the percentage of [⚫].] [Product Specific Termination. The Issuer may redeem the Securities at any time until the Maturity Date (including) following the occurrence of any of the Product Specific Termination Events (as defined above). The Issuer will redeem the Securities in whole (but not in part) on Product Specific Termination Date (as specified above) and will pay or cause to be paid the Product Specific Termination Amount (as specified above) in respect of such Securities to the relevant Securityholders for value of such Product Specific Termination Date, subject to any applicable fiscal or other laws or regulations and subject to and in accordance with the Terms and Conditions. Payments of any applicable taxes and redemption expenses will be made by the relevant Securityholder and the Issuer shall not have any liability in respect thereof.] [Reduced Redemption Amount in case of Deposit of issue proceeds. The Final Terms may determine that the Issuer deposits the proceeds of the issue of Securities (the "Deposit" as defined below) with a bank (the "Deposit Taker" as defined below). In this case, the Securityholder's claim to receive the Redemption Amount is conditional upon the Issuer receiving re-payment of its Deposit from the Deposit Taker. If the Issuer does not, or not fully, receive repayment of the Deposit, the Redemption Amount in respect of each Security will be reduced accordingly.Deposit: [Insert details on the Deposit and name of and further information about the (respective) Deposit Taker and indicate where investors can receive information on the Deposit Taker (if possible)]WARNING: If the Final Terms specify that the issue proceeds of the Securities are used as a "Deposit", Securityholders have, in addition to the risks associated with the Issuer, to bear risks, in particular the insolvency risk, relating to the Deposit Taker. If the Deposit Taker becomes insolvent or unable to pay its debt and/or repay the Deposit, there is a high risk of total loss of the investment for the Securityholders. Before investing in such Securities, Securityholders are required by the Issuer to i...
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Related to Ordinary Daily Adjustment

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • XXXXX Adjustment means, with respect to XXXXX, 0.0326% per annum.

  • Spread Adjustment means 100 basis points.

  • Credit Adjustment shall have the meaning specified in Section 3.02.

  • Related Adjustment means, in determining any LIBOR Successor Rate, the first relevant available alternative set forth in the order below that can be determined by the Administrative Agent applicable to such LIBOR Successor Rate:

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Market Value Adjustment means, on a given date, an amount equal to the lesser of (x) 98% and (y) a percentage determined according to the following formula: Market Value Adjustment = 98% – [(10yrCMTt – 10yrCMTlaunch) ×Duration], where 10yrCMTt = the 10-Year Treasury Constant Maturity Rate published each business day by the Board of Governors of the Federal Reserve System, or, if such rate ceases to be published, a successor rate reasonably determined by the Trustees (the “10-Year CMT”), on such repurchase date; 10yrCMTlaunch = the 10-Year CMT as of the end of the Initial Offering Period; and Duration = an estimate of the duration of the periodic interest payments of a hypothetical coupon-paying U.S. Government Security with a 25-year maturity, calculated by the Trust’s Investment Manager as of the end of the Initial Offering Period;

  • Open Market Adjustment Amount shall have the meaning specified in Section 2(I).

  • Daily Adjusting LIBOR Rate means, for any day, a per annum interest rate which is equal to the quotient of the following:

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • Adjusted Fair Market Value means, in the event of a Change in Control, the greater of (i) the highest price per Share paid to holders of the Shares in any transaction (or series of transactions) constituting or resulting in a Change in Control or (ii) the highest Fair Market Value of a Share during the ninety (90) day period ending on the date of a Change in Control.

  • SNB Adjustment Spread means, with respect to the SNB Policy Rate, the spread to be applied to the SNB Policy Rate in order to reduce or eliminate, to the extent reasonably practicable under the circumstances, any economic prejudice or benefit (as applicable) to Noteholders as a result of the replacement of the Swiss Average Rate Overnight with the SNB Policy Rate for purposes of determining SARON, which spread will be determined by the Calculation Agent, acting in good faith and a commercially reasonable manner, taking into account the historical median between the Swiss Average Rate Overnight and the SNB Policy Rate during the two year period ending on the date on which the SARON Index Cessation Event occurred (or, if more than one SARON Index Cessation Event has occurred, the date on which the first of such events occurred).

  • Adjustment Price means the lowest Underlying Price within the Adjustment Period after the Underlying Price is for the first time equal to or below the Adjustment Threshold.

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • Lot line adjustment means the relocation of the property boundary line in a

  • Adjustment Fraction shall have the meaning set forth in Section 11(a)(i) hereof.

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.

  • LIBOR Adjustment Date With respect to any Payment Date, the second business day before the related Accrual Period begins. For this purpose, a “business day” is a day on which banks are open for dealing in foreign currency and exchange in London, New York City and Washington, D.

  • Adjustment ratio means the value of index A divided by index

  • SOFR Adjustment means 0.10% (10 basis points).

  • Final Adjustment has the meaning set forth in Section 10.3.B(2) hereof.

  • MFN Adjustment has the meaning specified in Section 2.14(b).

  • Adjustment Day means the first calendar day in each month.